Illawarra Credit Union Low Rate Credit Card

We currently don't have this product on Finder

Balance transfer rate for 12 months with no balance transfer fee: 0% p.a.
Purchase rate: 8.99% p.a.
Annual fee: $50 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

Enjoy a low interest rate on purchases and 0% balance transfer offer for the first 12 months, with a $50 annual fee.

The Illawarra Credit Union Low Rate credit card offers a competitive interest rate and annual fee, along with simple account features. Its 8.99% p.a. interest rate is among the lowest on the market and applies to purchases, cash advances, and balance transfers (excluding promotional rates). This sets it apart from most other low rate cards, which typically charge higher rates on cash advances and balance transfers.

In addition to the competitive $50 annual fee, this card has $0 additional cardholder fee, making it easier to share the account with your partner or a family member. The other features on the Illawarra Credit Union Low Rate are straightforward and convenient. It offers up to 55 days interest-free on purchases when you pay off your full balance each month, contactless payments, online and mobile banking, and zero liability for fraudulent transactions.

Pros

0% p.a. for 12 months on balance transfers, with no fee
Same low interest rate of 8.99% p.a. on purchases, cash advances and balance transfers
Interest-free period of up to 55 days

Cons

No rewards program linked to this credit card
Charges a 3% international transaction fee

Details

Product details

Product Name	Illawarra Credit Union Low Rate Credit Card
Balance transfer rate p.a.	0% for 12 months, then 8.99%
Purchase rate p.a.	Purchase rate p.a.8.99%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	8.99%
Min credit limit	$500
Card type	Visa

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$50
Minimum monthly repayment	3% of the closing balance or $20, whichever is greater
Late payment fee	$25
Foreign currency conversion fee	3%
Cash advance fee	$2
Overseas cash advance fee	$5
Additional cardholder fee	$0

Congratulations, Illawarra Credit Union!

The Illawarra Credit Union Low Rate Credit Card was highly commended for Best Low Rate Credit Card in the 2025 Finder Awards.

Full list of 2025 winners

How to apply

You can apply for the Illawarra Credit Union Low Rate credit card online by completing a secure application form. To get started, check you eligibility and make sure you have all the necessary documents and details ready for the application.

Eligibility criteria

Income. You must have a regular income and have been in your current job for more than 6 months.
Residency. You must be an Australian citizen or permanent resident.

Age. You must be at least 18 years old.
Credit history. You must not be an undischarged bankrupt or have a history of outstanding credit defaults.

Required documents

Personal details. This includes your full name, date of birth, residential address, email address, phone number and marital status. You also need to provide a valid ID, such as your driver’s licence, passport or Medicare card.
Employment details. As well as your salary, you’ll also need to provide your job title, length of employment and your employer’s contact information. You may also need recent payslips or bank statements to verify this information.
Financial details. This covers any other forms of income, savings, investments or other assets as well as existing loans, cards or other debts. You also need to provide an estimate of your share of regular expenses such as rent or mortgage payments, utility bills and groceries.

Card benefits

Balance transfer offer. Consolidate your existing debt with this card and enjoy a 0% p.a. interest rate on balance transfers for the first 12 months. After the introductory period, the rate reverts to the standard balance transfer rate (currently 8.99% p.a.).
Support for charitable cause. The Illawarra Credit Union Low Rate Credit Card is also available in Pink and Blue versions, both offering the same interest rates and features. For each year you hold the Pink card, 50% of the annual fee is donated to the McGrath Foundation. If you opt for the Blue card, half of the annual fee will go to the Prostate Cancer Foundation of Australia.

8.99% p.a. interest rate. Unlike many low rate credit cards that apply different interest rates to purchases, cash advances, and balance transfers, the Illawarra Credit Union Low Rate credit card offers a consistent 8.99% p.a. across all transaction types. This can make it easier to manage your balance and keep track of interest charges.
Additional cardholder. This account offers a $0 additional cardholder fee if you want to share the account with someone. Note that you will still be responsible for managing the account.
Mobile wallets. This card is compatible with Apple Pay, Google Pay or Samsung Pay, allowing you to make secure, contactless payments directly from your mobile device.
Visa benefits. Enjoy the convenience of tap-and-go payments with Visa payWave, enhanced online security with Visa Secure, and peace of mind with Visa's Zero Liability policy for fraudulent transactions. You'll also gain access to exclusive offers on hotels, travel, shopping and more through Visa Offers + Perks.

Rates & fees

Annual fee. This card charges a $50 annual fee.
Interest-free days. Enjoy up to 55 days interest-free on new purchases, provided you pay the full closing balance listed on your statement by the due date.

Cash advance rate. An interest rate of 8.99% p.a. applies to cash withdrawals and other cash advance transactions, charged from the date of the transaction.
Cash advance fee. A $2 fee applies to each cash advance made with this card.
Foreign transaction fee. A fee of 3% applies to purchases made overseas or online in a foreign currency.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Illawarra Credit Union Low Rate Credit Card information PDF
2. Illawarra Credit Union Low Rate Credit Card TMD

Your reviews

No reviews yet. Write a review

Ask a question

To ask a question simply log in via your email or create an account.

Ask a question

Richard Finder

Senior Money Editor

Hi there, looking for more information? Ask us a question.

You are about to post a question on finder.com.au:

Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
finder.com.au is a financial comparison and information service, not a bank or product provider
We cannot provide you with personal advice or recommendations
Your answer might already be waiting – check previous questions below to see if yours has already been asked

Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full profile

Illawarra Credit Union Low Rate credit card

Pros

Cons

Congratulations, Illawarra Credit Union!

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

Sources

Your reviews

Important information about this website

Advertiser disclosure

How we make money

Sorting and ranking products

Terms of service and privacy policy